Banks and NBFCs are launching festival offers, including lower loan rates, cashback, EMI schemes and GST-linked benefits to tap rising demand ahead of Diwali
Kundra, accused of diverting a loan amount, has been asked to appear before EOW officials on September 15.
Businessman Raj Kundra, husband of Bollywood actor Shilpa Shetty, has been summoned by the Economic Offenses Wing (EOW) of the Mumbai Police in connection with an alleged Rs 60 crore cheating case.
Dalal Street is buzzing with excitement, as some of the most-awaited IPOs are gearing up to hit the market. While some of these big companies are planning to join the stock exchanges towards the end of 2025, others are likely to be available for trading by the first half of 2026.
Surya-led India continued their dominant run in T20I cricket, handing Pakistan their third loss in the head-to-head encounters between these two sides in the final of the Asia Cup at Dubai on Sunday. I
Jitendra Singh stood with the Pandya brothers through it all. When they couldn't afford kits, he found a way. When others doubted their potential, he pushed them harder. When life knocked them down, he picked them back up.
The bail plea of fugitive diamonds trader Mehul Choksi, wanted in India in connection with over Rs 6300-crore fraud in the Punjab National Bank (PNB), has again been turned down by a court of appeal in Belgium, just ahead of his extradition hearing before a court in that country, officials said. The court rejected the appeal on strong reasons conveyed by the CBI to the Belgian prosecution that Choksi had escaped from many jurisdictions earlier as well to evade legal proceedings and may flee to another country if let out on bail, they said.
rediffGURU T S Khurana answers readers' personal income tax queries.
Josh Hazlewood showed exactly why Royal Challengers Bengaluru splashed the cash for his services as the refreshed Australian seamer produced suffocating spells to help his team secure an opening victory in the Indian Premier League (IPL).
The Lookout Circular was issued by the city police's economic offences wing as the couple makes frequent international trips
As many as 13 firms, including Urban Company, which provides app-based beauty and home services, and Imagine Marketing, the parent of wearables brand boAt, have secured Sebi's approval to launch initial public offerings (IPOs), according to the regulator's update on Tuesday.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
The Supreme Court on Tuesday cancelled bail granted to former DHFL promoter Dheeraj Wadhawan in the multi-crore bank loan scam case. A bench of Justices Sanjay Kumar and Satish Chandra Sharma passed the order after perusing the report filed by a medical board and directed Wadhawan to surrender within two weeks.
State Bank of India has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and to report the name of its erstwhile director -- Anil Ambani to the Reserve Bank of India (RBI), according to a regulatory filing. Reliance Communications in a regulatory filing said that it has received a letter dated June 23, 2025 from the State Bank of India (SBI) to this effect.
Public sector banks (PSBs) have written off bad loans of about Rs 5.82 lakh crore in the last five financial years, Parliament was informed on Tuesday. During 2024-25, the loan write-off of PSBs was at Rs 91,260 crore, compared to Rs 1.15 lakh crore in the previous fiscal, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha.
"We currently manage collections for over 98 million retail and small-business loan accounts, covering a loan book of about $250 billion," says Rishabh Goel, cofounder and chief executive officer (CEO) of Credgenics, a software-as-a-service platform for debt collection. With more than 700 million smartphone users and over 450 million UPI users, digital access is everywhere.
Qatar's sovereign wealth fund is suing Byju Raveendran in Indian courts to recover $235 million from the embattled educational technology (edtech) entrepreneur, escalating a global legal battle that has ensnared one of India's most high-profile startup founders.
'What the US appears to be doing is to force India to be "the buyer of last resort", on whom their products can be dumped, 1.4 billion people have to eat something, so why not eat American corn?' 'What is exercising the Trump lot is the fact that most of the farms are in solidly Republican Midwestern states: Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin,' points out Rajeev Srinivasan.
Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.
The columnist said that Munir was reported as saying on stage at a Brussels gathering that: "God has made me protector of the country. I do not desire any position other than that."
Based on a complaint, a case was registered at the women's police station in Indore. However, considering the seriousness of the offence, the police registered it as a 'zero' FIR and sent it to the Dhar police for action.
State governments have requested the Centre for export incentives, lifting of import duty in the case of cotton for the textile sector and GST exemptions.
There are four first-timers in Jamil's camp of 25 players -- defenders Alex Saji, Sunil Benchamin, Muhammed Uvais, and forward Manvir Singh.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
The complaint, filed by businessman Deepak Kothari, director of Lotus Capital Financial Services Ltd, claims the incident took place between 2015 and 2023. Kothari alleged that the couple took the money under the pretext of expanding their business but used it for personal expenses instead.
State Bank of India has 18,000 pending cases and Bank of Baroda has around 1,000 cases.
Shiromani Akali Dal leader Sukhbir Singh Badal expressed gratitude to two police officers who saved his life when a former terrorist opened fire at him in Amritsar. Badal hugged the officers and praised their courage and loyalty, saying his family could never repay their bravery. The attack occurred at the Golden Temple, where Badal was performing religious penance. The former Khalistani terrorist Narain Singh Chaura fired from a close range but missed his target. The police overpowered the attacker before he could cause any harm.
The textile and apparel sector is India's second-largest employment provider, after agriculture, and it is now caught in a wave of uncertainty following the Donald Trump administration's tariff policy.
Bad loans in the agriculture sector remain elevated, with several public-sector banks (PSBs) reporting higher slippages in the April-June quarter of FY26. For many banks, non-performing assets (NPAs) in farm lending were 5 per cent or more, with some nearing double digits.'
Sirisha was tied to a tree and allegedly beaten by moneylender Munikannappa and others after her husband failed to repay a loan of Rs 80,000 taken three years ago.
UPI has catapulted India into the forefront on the global digital payments landscape. Working hand in hand, the AePS payments system is making life easy for rural folks, notes Tamal Bandyopadhyay.
Maharashtra reported 479 farmer suicides in March and April, with financial aid eligibility being assessed for the affected families.
'LAP is suited for borrowers with a steady income, sound repayment discipline, and a clear repayment plan.'
Prime Minister Narendra Modi on Saturday graced the 60th Independence Day celebrations of the Maldives as the guest of honour, signalling a renewed warmth in bilateral ties after a spell of unease.
There is a need for real-time or near real-time credit reporting, instead of the current fortnightly system, to improve underwriting precision, enable timely reflection of borrower actions such as loan closures or repayments, and deliver a superior consumer experience, Deputy Governor of the Reserve Bank of India (RBI), M Rajeshwar Rao said on Wednesday.
Experts say Indian Railways must grow its share in the freight market to remain financially sustainable.
'The largest listenership for Vividh Bharati outside the country is in Spain.' 'The labourers who go there for the tomato-picking season feel cut off from their country and listen to Vividh Bharati to overcome their loneliness.'
Cole Palmer scored twice as the Chelsea proved too good for the Parisians, fresh off their maiden Champions League triumph last month.
The sources said that Chaitnaya Baghel was arrested under section 19 of the anti-money laundering as he was allegedly not cooperating during the searches that came about following receipt of fresh evidence in the case.
Ishwak Singh's earnestness and the rustic energy of his mates keeps Mitti engaging, even when it starts to get preachy, observes Deepa Gahlot.
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